Log In/Sign Up
Your email has been sent.
Plainsmen Apartments 10701 NE 59th St 16 Unit Apartment Building $3,999,900 ($249,994/Unit) 6.54% Cap Rate Vancouver, WA 98662
EXECUTIVE SUMMARY
This 16-unit property at 10701 NE 59th St offers investors immediate income with a 6.54% cap rate and the security of full renovations already completed. Each 2BR/1BA apartment showcases contemporary finishes, durable hard-surface flooring, and slab countertops in open, light-filled layouts. The desirable Five Corners location delivers high walkability, onsite parking, and close proximity to employment centers, retail, and transit—driving strong tenant demand. With minimal ongoing capital needs, this property is positioned for stable cash flow and long-term appreciation in one of Vancouver’s most active rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,999,900 | Lot Size | 0.67 AC |
| Price Per Unit | $249,994 | Construction Status | Under Renovation |
| Sale Type | Investment | Building Size | 12,464 SF |
| Cap Rate | 6.54% | Average Occupancy | 56% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Building Class | B | ||
| Zoning | GC - General Commercial | ||
| Price | $3,999,900 |
| Price Per Unit | $249,994 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.67 AC |
| Construction Status | Under Renovation |
| Building Size | 12,464 SF |
| Average Occupancy | 56% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2025 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | GC - General Commercial |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 750 |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 106970-000 | Total Assessment | $2,180,000 (2025) |
| Land Assessment | $291,852 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,888,148 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
106970-000
Land Assessment
$291,852 (2025)
Improvements Assessment
$1,888,148 (2025)
Total Assessment
$2,180,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Plainsmen Apartments | 10701 NE 59th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.